PUNE: Cotton Association of India (CAI) has released its November estimate of the cotton crop for the season 2018-19 beginning from 1st October 2018.The CAI has estimated cotton crop for 2018-19 season at 340.25 lakh bales of 170 kgs. each which is lower by 3 lakh bales than its previous estimate of 343.25 lakh bales made during last month. upto 30th September 2019 at 390.25 lakh bales of 170 kgs. each which includes opening stock of 23 lakh bales at the beginning of the season, cotton crop for the season at 340.25 lakh bales and imports of 27 lakh bales which are estimated to be higher by 12 lakh bales compared to the import figure of 15 lakh bales estimated for the 2017-18 crop year.The CAI has estimated domestic consumption for the season at 324 lakh bales while the exports are estimated to be 53 lakh bales which are estimated to be lower by 16 lakh bales compared to the exports of 69 lakh bales estimated during the last year. The carry-over stock at the end of the 2018-19 season is estimated by the CAI at 13.25 lakh bales.

Source: Economic Times December 07, 2018 11:22 UTC